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Houston-based real estate investment trust $WRI reported a jump in 1Q16 earnings driven by gain on sale and acquisition of real estate joint venture and partnership interests. Net income rose to $107.57MM or $0.85 per share from $45.42MM or $0.36 per share last year. Revenues grew to $132.42MM from $125.6MM.
$AMZN announced the opening of The Spheres, its newest Seattle HQ buildings which have no enclosed offices or conference spaces. The Spheres feature treehouse meeting rooms, river and waterfall features, a four-story living wall, and epiphytic trees. The project created more than 600 full-time jobs, and is part of a more than $4Bil investment.
$CDR's BoD has approved cash dividends of $0.453125 per share on its 7 ¼% Series B Cumulative Redeemable Preferred Stock and $0.40625 per share on its 6 ½% Series C Preferred Stock. Both are payable on February 20, 2018 to shareholders of record as of February 12, 2018.
$VNO announced inclusion of certain items to its 4Q17 financial results. These inclusion will result in a reduction in EPS of $0.20, after noncontrolling interests. On an FFO basis, these aggregate to a reduction of $0.18 per share, after noncontrolling interests, which will be included in total FFO.
$VNO announced inclusion of certain items in its 4Q17 financial results. Those include tax expense related to reduction of REIT subsidiaries deferred tax assets resulting from Tax Cuts and Jobs Act, expense from prepayment of 2.50% senior unsecured notes due 2019, and loss from other items, including real estate fund.
$AMZN has chosen 20 metropolitan areas as proposed locations for HQ2, its second headquarters. These are Atlanta, Austin, Boston, Chicago, Columbus, Dallas, Denver, Indianapolis, Los Angeles, Miami, Montgomery County, Nashville, Newark, New York City, Northern Virginia, Philadelphia, Pittsburgh, Raleigh, Toronto and Washington DC.
$AMZN reviewed 238 proposals from across the US, Canada, and Mexico to host HQ2, its second headquarters in North America. The company has chosen 20 metropolitan areas for the next phase of the process. $AMZN expects to make a decision in 2018. The company plans to invest over $5Bil and create as many as 50,000 jobs at HQ2.
$AMZN said Amazon Music Unlimited will become available in Australia and New Zealand starting February 1, giving users access to a catalogue of more than 45MM songs and hundreds of playlists and personalised stations. New subscribers can sign up for a free 90-day trial of Amazon Music Unlimited for a limited time.
Amazon Web Services, Inc., an $AMZN company, announced that Comcast Cable has selected AWS as its preferred public cloud infrastructure provider. Comcast Cable will expand its use of AWS by migrating material workloads and building new applications on AWS.
$ACM has been awarded a nine-year contract by the US Army to provide rotary wing flight training instructor support services at Alabama. The $442MM, cost-plus-fixed-fee contract includes a 12-month base period plus option years, and is expected to be completed by Sept. 30, 2026.
$IT said worldwide IT spending is projected to total $3.7 trillion in 2018, an increase of 4.5% from 2017. Enterprise software continues to exhibit strong growth, with worldwide software spending projected to grow 9.5% in 2018, and it will grow another 8.4% in 2019 to total $421Bil. The devices segment is expected to grow 5.6% in 2018.
$IT said worldwide PC shipments totaled 71.6MM units in 4Q17, down 2% from 4Q16. 2017 PC shipments surpassed 262.5MM units, down 2.8% from 2016. In the US, PC shipments surpassed 15.2MM units in 4Q17, down 8% YoY. PC shipments in EMEA were 21.8MM units in 4Q17, down 1.4% YoY.